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Walter & Samuels team gets exclusives.

Jeffrey A. Bernstein, director of Commercial Leasing, and Laurence B. Elbaum, associate director of Commercial Leasing, of the firm Walter & Samuels, Inc., were named exclusive agents for seven stores at First Avenue and 60th Street, totalling approximately 6,000 square feet.

Bernstein and Elbaum convinced the landlord to renovate the stores prior to a marketing effort.

The work included exposing the interior walls, which are brick, installing new bathrooms, lighting, flooring and additional power. In order to create a unified appearance for all the stores, which are in four adjacent buildings, new store fronts and security gates were installed, and the facade surrounding the stores was painted, using a single color scheme.

With in three months, after completing the renovations, three units were leased.

Darrows Fun Antiques, which sells memorabilia and toys from the 40's, 50's and 60's; Everything on First, featuring an eclectic mix of antiques and decorative arts; and Art by Berk, an art gallery specializing in art restorations and original works leased 600 square feet each with aggregate rents each of $230,000 over 10 years.
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Title Annotation:named exclusive leasing agent for retail space at First Avenue and 60th Street, New York, New York
Publication:Real Estate Weekly
Date:Sep 1, 1993
Previous Article:City issues RFP on East Side.
Next Article:Anheuser Busch expands.

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